Tagged: tink

Tink Research: Armchair Investors Forced to Cash in Investments Due to Cost-of-Living Crisis

Research released by Tink, the firm focused on open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviors “from long-term ‘set and forget’ portfolios, to needing instant… Read More

Open Banking Fintech Tink Shares Research Findings: UK Consumers Want Bank to Offer Tools to Track Environmental Impact

Tink, which claims to be one of Europe’s leading open banking platforms, reveals research finding that “an estimated 40% of people in the UK would like their bank to offer tools to track their environmental impact.” Based on a survey of over 2,000 UK consumers… Read More

Open Banking: Tink Joins Joint Regulatory Oversight Committee

Open banking platform Tink has joined the UK’s Joint Regulatory Oversight Committee (JROC)’s new working groups on Variable Recurring Payments (VRP) and the future open banking entity. Andrew Boyajian, head of VRP at Tink, will be representing the European Third Party Providers Association (ETPPA) in… Read More

Bank of England Increases Rates by 50 bps as Inflation Remains Stubbornly High

The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More

European Open Banking Fintech Tink to Embed ecolytiq’s Solution to Scale Sustainability Services Across Europe

Tink, Europe’s open banking platform, and ecolytiq, a climate engagement solution, are collaborating to incorporate financial and sustainability-focused coaching into a seamless experience. By combining the power of money management tools with climate education tools,  Tink will make it possible “for new and existing customers… Read More

European Banking Authority Amends Regulatory Technical Standards on Authentication, Open Banking Provider Tink Comments

Earlier today, the European Banking Authority (EBA) posted an update on certain standards that impact open banking services. One change involves authentication for individual users. CI received a comment from Jan van Vonno, Head of Industry Strategy at Tink – a leading open banking platform…. Read More

Open Banking Platform Tink adds Balance Check Feature

Tink, an open banking platform, now offers a new feature called Balance Check that enables users to verify account balances. Tink states that this new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers. Balances Check utilizes real time… Read More

Open Banking Provider Tink Partners with Revolut

Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank. Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect… Read More

Confederation of British Industry Looks to Boost Fintech Utilization: A Key Opportunity for UK Economy

‘Winning with Fintech’ The Confederation of British Industry (CBI) has called out Fintech as a key opportunity for the UK economy. In a speech today, CBI President Lord Bilimoria announced a new campaign to encourage more people to utilize Fintech and help boost the future… Read More

Open Banking: Tink Partners with PostNord Strålfors

PostNord Strålfors, part of the PostNord Group, has partnered with European open banking provider Tink, a company that was recently purchased by Visa. PostNord Strålfors operates in the Nordic region and offers corporate communication management and services. The company reports that it is the largest… Read More

Visa Completes Acquisition of Tink Open Banking Platform

Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More

Open Banking Fintech Tink Introduces Income Check in the UK, a Service for Improving Income Verification

European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More

Open Banking Platform Tink Finalizes Acquisition of FinTecSystems

European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More

Tink Research Reveals 47% of European Financial Firms Increased Open Banking Spend in 2021

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More

Serrala, the Financial Automation and Payments Software Firm, Partners with Open Banking Platform Tink

Serrala, the financial automation and payments software firm, and European Open Banking platform Tink, have formed a partnership for supporting open banking tech services. Through the partnership, the companies will be supporting billers so they can reach clients via every channel to settle bills and… Read More

Lemonway Partners with Tink on European Payments Feature

Payments service provider (PSP) Lemonway has partnered with Tink to facilitate payments to customers across Europe with “Pay By Bank.” Tink is an open banking platform that enables banks, Fintechs and startups to develop data-driven financial services via an API platform. Tink currently connects more… Read More

Open Banking Firm Tink Appoints New Chief Revenue Officer

Tink, an open banking platform, has appointed Rowan Taylor as its new role of Chief Revenue Officer (CRO). Taylor previously worked at AWS and is said to have 26 years of experience in banking technology including stints at Accenture, KPMG and Gartner. Taylor will be… Read More

Visa to Acquire European Open Banking Fintech Tink for €1.8B, Transaction Subject to Regulatory Clearance

Visa (NYSE: V) will be acquiring European Open Banking Fintech Tink for €1.8 billion. The acquisition should help with filling a Plaid-shaped hole in Visa’s existing portfolio after a $5.4 billion deal to acquire the financial data-sharing firm was unsuccessful (following pushback from regulatory authorities)…. Read More

Swedish Open Banking Fintech Tink Acquires Germany based FinTecSystems

Sweden’s Open Banking Fintech Tink has reportedly acquired German equivalent FinTecSystems. The latest acquisition by Tink should help the firm further expand its business operations across Europe. FinTecSystems aims to offer advanced data analytics, digital or online account checks, account aggregation and also supports Open… Read More

Tink Announces European Open Banking Partnership With American Express

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Tuesday it has entered a European open banking partnership with American Express to improve the onboarding process for new cardmembers. Through the partnership, Tink will integrate open banking technology into the… Read More

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